Misconceptions Play A Prominent Role In My

Outperforming The Market With Low Volatility On A Consistent Basis Is An Impossibility. I Outperformed The Market For 30-odd Years, But Not With Low Volatility.

Markets Can Influence The Events That They Anticipate.

Economics Seeks To Be A Science. Science Is Supposed To Be Objective And It Is Difficult To Be Scientific When The Subject Matter, The Participant In The Economic Process, Lacks Objectivity.

Every Bubble Has Two Components: Something - Some Real Trend, And A Misconception About That Trend.

Money Values Do Not Simply Mirror The State Of Affairs In The Real World; Valuation Is A Positive Act That Makes An Impact On The Course Of Events. Monetary And Real Phenomena Are Connected In A Reflexive Fashion; That Is, They Influence Each Other Mutually. The Reflexive Relationship Manifests Itself Most Clearly In The Use And Abuse Of Credit.